Lithium Plus Minerals (ASX:LPM) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Lithium Plus Minerals Debt-to-Equity?

Lithium Plus Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.11 Mil. Lithium Plus Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.12 Mil. Lithium Plus Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$22.88 Mil. Lithium Plus Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Lithium Plus Minerals's Debt-to-Equity or its related term are showing as below:

ASX:LPM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.01
Current: 0.01

During the past 1 years, the highest Debt-to-Equity Ratio of Lithium Plus Minerals was 0.01. The lowest was 0.01. And the median was 0.01.

ASX:LPM's Debt-to-Equity is ranked better than
99.92% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:LPM: 0.01

Lithium Plus Minerals Debt-to-Equity Historical Data

The historical data trend for Lithium Plus Minerals's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lithium Plus Minerals Debt-to-Equity Chart

Lithium Plus Minerals Annual Data

Trend

Jun23

Debt-to-Equity

0.01

Lithium Plus Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Debt-to-Equity	0.01	0.01	0.01

Competitive Comparison of Lithium Plus Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lithium Plus Minerals's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lithium Plus Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lithium Plus Minerals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lithium Plus Minerals's Debt-to-Equity falls into.

Lithium Plus Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lithium Plus Minerals's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.07	+	0.009)	/	16.314
	=	0.00

Lithium Plus Minerals's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.105	+	0.124)	/	22.877
	=	0.01

Lithium Plus Minerals (ASX:LPM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Lithium Plus Minerals Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Lithium Plus Minerals's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Lithium Plus Minerals (ASX:LPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Plus Minerals Ltd (ASX:LPM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-22 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.lithiumplus.com.au

Lithium Plus Minerals Ltd is engaged in the mining and exploration of lithium. The projects of the company include Bynoe Lithium projects, Arunta Lithium projects, the Barrow Creek, Spotted Wonder and Moonlightand Wingate projects.

Lithium Plus Minerals (ASX:LPM) Headlines

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